Moshe Capital Fund Managers has announced the launch of investment fund worth US$23.5 million. According business news portal Ventureburn, the funds were secured FNB Commercial and through a partnership agreement with RMB Ventures.
Mosche Capital is 100% black-owned and currently has four investments across various sectors.
Providing more insight to the into the funds and the areas the firm will pursue in terms of investments, Mametja Moshe, founder, and CEO of Moshe Capital said “Despite economic challenges, there are several opportunities for investment and growth in various sectors such as manufacturing, industrial, mining products or services, and secondary agriculture in South Africa. We predominantly invest in established businesses with enterprise values of R200 million or more,”
The fund will focus on investing in established businesses based in South Africa which has the potential to scale its business market into Sub-Saharan Africa and internationally. This is not limited to specific industries as the fund conducts a rigorous analysis of the company before an investment decision is made.
“When considering investments, we look for a track record of at least three years of consistent returns and EBITDA of above R25 million,” adds Mametja Moshe.
“We believe in entrepreneurship by partnership. We are keen on businesses that provide returns on investments of more than 25% over five years or more. We fully appreciate that Covid-19 has had a negative impact on the valuation of most companies, and will take that into account when evaluating opportunities,” said Mametja Moshe.